EX-12.1 2 drh_exhibit121x12312017.htm EXHIBIT 12.1 Exhibit


EXHIBIT 12.1

DiamondRock Hospitality Company
Computation of Ratios of Earnings to Fixed Charges and Preferred Stock Dividends
(in thousands, except ratio amounts)



 
Year Ended December 31,
 
2017
 
2016
 
2015
 
2014
 
2013
Income (Loss) from Continuing Operations Before Income Taxes
$
102,084

 
$
127,195

 
$
97,205

 
$
169,013

 
$
22,715

Fixed Charges
40,368

 
44,493

 
56,096

 
62,715

 
62,850

Amortization of Capitalized Interest
28

 
42

 
55

 
70

 
70

Capitalized Interest
—

 
—

 
—

 
(914
)
 
(1,516
)
Earnings
$
142,480

 
$
171,730

 
$
153,356

 
$
230,884

 
$
84,119

 
 
 
 
 
 
 
 
 
 
Fixed Charges:
 
 
 
 
 
 
 
 
 
Interest Expense and Amortization of Deferred Financing Costs
$
38,481

 
$
41,735

 
$
52,684

 
$
58,278

 
$
57,279

Portion of Rent Related to Interest
1,887

 
2,758

 
3,412

 
3,523

 
4,055

Capitalized Interest
—

 
—

 
—

 
914

 
1,516

Fixed Charges
40,368

 
44,493

 
56,096

 
62,715

 
62,850

Preferred Stock Dividends
—

 
—

 
—

 
—

 
—

Combined Fixed Charges and Preferred Stock Dividends
$
40,368

 
$
44,493

 
$
56,096

 
$
62,715

 
$
62,850

Ratio of Earnings to Combined Fixed Charges and Preferred Stock Dividends
3.53

 
3.86

 
2.73

 
3.68

 
1.34

Deficiency of Earnings to Fixed Charges and Preferred Stock Dividends
$
—

 
$
—

 
$
—

 
$
—

 
$
—